Tax Debt

Tax Debt

Tax debt can one of the most intimidating debt to deal with. Our government sets its rules about taxes, which makes discharging tax debt through bankruptcy more difficult than say medical debt.  To decide what to do about your tax debt, consult with an attorney with expertise in how tax debt can be addressed through bankruptcy like attorneys Margaret Henehan and Bill Kain. We are well prepared to help you review your options.

Chapter 13 Bankruptcy: A Practical Solution for Managing Tax Debt

Chapter 13 is often the most effective method of dealing with tax debt, especially if your tax debt is newer or your tax returns might not have been filed on time. For instance, a chapter 13 bankruptcy allows you to make one payment a month to your trustee, and the trustee distributes the funds to the IRS, the Minnesota State Revenue, mortgage lenders or landlords and your general creditors. A simple payment plan is less stressful, easier to track, and designed around your ability to pay.

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Why Choose Kain + Henehan?

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Experience

Bill Kain and Margaret Henehan have over 60 years of combined bankruptcy experience and have helped hundreds of Minnesotans get back on their feet after getting weighed down by debt.

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Kindness

At Kain + Henehan, we love people. We never view your story as a source of shame or embarrassment. We truly care about our clients and want to help them live their best lives.

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Respect

Bill and Margaret are respected among their peers and colleagues. Their positive relationships within the bankruptcy court system leads to positive outcomes for their clients.

Schedule Your Free tax debt Consultation today

In bankruptcy, there are solutions that address what is allowed when it comes to tax debt. For example, chapter 7 can help discharge older income tax debt, as long as it meets a few qualifications. At Kain + Henehan, we know the rules and requirements of discharging tax debt and can analyze what can be discharged in a chapter 7 filing.

Schedule your free consultation with a Kain + Henehan attorney today.